DIC’s income jumps high demand

DIC’s income jumps on high demand

5:08 PM, 11th May 2011
DIC’s income jumps on high demand

 

TOKYO, JAPAN: The DIC Corporation reported its results as ended on March 31, 2011. In the fiscal year, economic conditions continued to improve gradually in Japan, notwithstanding the impact of the earthquake from mid-March forward and in overseas markets. In this environment, net sales rose 2.8 per cent to ¥ 779 billion from ¥ 757.8 billion, a year ago. This was mainly due to booming demand in Asia, particularly in China, which countered falling demand for printing inks in developed countries and the appreciation of the yen.

Operating income advanced 33.6 per cent to ¥ 37.2 billion from ¥ 27.8 billion in the same period a year ago, reflecting the increase in net sales, an improved product mix and rationalization measures, among others. Ordinary income increased 66.1 per cent to ¥ 31.7 billion increasing from ¥ 19.1 billion, owing to such factors as a decrease in interest expense. Net income climbed 6.2 times to ¥ 15.8 billion from ¥ 2.5 billion, despite the incurrence of an extraordinary loss due to the Japan earthquake.

Looking at the segment-wise results, the printing inks and supplies sales was

¥ 404.4 billion from ¥ 415.4 billion, a 2.6 per cent decrease from a year ago period. For the same period, the operating income is ¥ 16.1 billion up from ¥ 15.4 billion, a rise of 4.2 per cent. For the neo-graphic arts materials sales was ¥ 110.1 from ¥ 97.6 for the same period, a year ago, a 12.8 per cent increase. At the same time, operating income is ¥ 2.9 billion from ¥ 1.3 billion, up 2.3 times.

For the synthetic resins sales stood at ¥ 157 billion, up 9.3 per cent from ¥ 143.6 billion compared to the same period a year ago. The operating income was ¥ 14.7 billion up by 30.1 per cent from ¥ 11.3 billion a year ago. Comparing the same period a year ago, the chemical solution materials saw a rise of 7 per cent to ¥ 151 billion from ¥ 141.1 billion. For the segment, operating income was ¥ 6.8 billion up 59.9 per cent from ¥ 4.3 billion.

Although economic conditions worldwide are expected to continue improving, particularly in the United States, the outlook for the DIC Group’s operating environment remains uncertain, owing to the impact of the Japan earthquake on the domestic economy, as well as to such factors as rising raw materials prices and trends in foreign exchange markets. In this environment, the group expects its results to be a bit low compared to the current results.

© WOC News

 

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